HK-based SHK sets up real estate debt fund, seeks to raise up to $300m Hong Kong. Source: Robert Bye/Unsplash April 9, 2021 Hong Kong-based alternative investment firm Sun Hung Kai & Co (SHK & Co) has launched a real estate debt fund, targeting to raise $200-300 million to invest in first and second mortgages for commercial and residential property in the Asia Pacific. The five-year debt fund is managed by SHK’s in-house real estate investment group, Multiple Capital Investment Partners (MCIP). SHK has already committed $100 million to the new vehicle. In a statement, SHK said MCIP will invest in high-quality mortgage loans in developed markets, for development, repositioning, or refinancing of the properties. Its targeted markets include Australia and New Zealand, Greater China, South Korea, and Southeast Asia. Assets in the UK and selective EU countries will also be considered on an opportunistic basis.